Mastodawn

#KenHenry ‘s most relevent words in his Guardian article are not about tax reforms but instead they are about the scourge of #Capitalism in large letters: “…towards investing in real restoration through shifting the responsibility for nature repair to precisely those industries that have caused the damage. Australia has spent many decades writing cheques against accounts it does not own, taking from the “natural capital” of future generations … “

So while Henry supports #Chalmers ‘ latest budget for its courage, modest as it is in imo, and accuses #GriftingCorporations of ecological genocide (rightly so), there is no finger pointing to #Labor ‘s continued financial and legislative subventions of the #FossilFuelIndustries and #ExtractiveIndustries responsible for worsening an already oversubscribed budget, withholding rightful sovereign revenue and raping a land never ceded.

https://www.theguardian.com/australia-news/commentisfree/2026/may/13/australia-budget-2026-jim-chalmers-economic-reforms-tax-changes-future-generations

Jim Chalmers’ budget doesn’t fix everything – but it’s an overdue first payment to future generations

The treasurer has shown economic reforms should not be left to the too-hard basket, and instead be pursued with a sense of urgency

The Guardian

Urban Wronski Writes Apr 26

Clarke and Dawe tribute: The PM Explains Gas

Shell's Australian chair fronted a Senate inquiry into gas taxation and couldn't say how much revenue Shell makes from selling Australian gas. She was, however, very clear on the ill-advised part. Urban Wronski channels Clarke and Dawe to interview the Prime Minister about the gas we own, the tax we don't collect, and the modelling that takes time.

https://urbanwronski.com/2026/04/26/clarke-and-dawe-tribute-the-pm-explains-gas/

The Bad Place Apr 24

Top Stories | 'We're the mugs here': Is Japan getting Australian gas for free?

AI generated summary, Read the full article for complete information.

The article examines growing criticism of Australia’s gas export regime, highlighting a report by the Australia Institute that shows Japan has collected about $8.9 billion in taxes on Australian LNG over five years—more than the $7 billion Australia earns from its Petroleum Resource Rent Tax—while Australian exporters receive little royalty or PRRT on a large share of their gas. Analysts note that much of the LNG Japan resells to Taiwan and South Korea generates additional revenue that bypasses Australian taxation, prompting calls for a 25 percent export tax that could raise roughly $17 billion annually. A Senate select committee is reviewing gas taxation and a possible reservation policy to safeguard domestic supply, while industry groups warn such taxes could deter investment and harm energy security.

#RichardDenniss #KenHenry #DavidPocock

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